Using a graph showing private marginal cost, private marginal benefit, and social marginal benefit, show how government subsidies of research and development might mitigate the limited idea creation effect of spillovers.

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The Answer of Using a graph showing private marginal cost, private marginal benefit, and social marginal benefit, show how government subsidies of research and development might mitigate the limited idea creation effect of spillovers.

Using a Graph Showing Private Marginal Cost, Private Marginal Benefit